Posted by kong73 > 2012-07-19 10:00 | Report Abuse

Gents....OSV market is alive and very very busy. According to research and source from M3 Marine Pte Ltd, current oil fundamentals and sentiments are improving. It is a fact that current OSV fleet in South East Asia is not sufficient to meet demand as new vessel need to be build to have more greener vessels by regulators.

Posted by kong73 > 2012-08-01 18:56 | Report Abuse

this stock is a small gem..not big but a gem of a penny stock nevertheless..

Posted by passerby > 2012-08-01 20:56 | Report Abuse

Just make a quick browse through, no doubt the company is making money, but the profit recorded is on down trend. With the dividend yield approximately 3% - almost same as deposit, does it worth to take this risk ? There a lot more bigger gems out there

Posted by kong73 > 2012-08-02 05:01 | Report Abuse

really.. I think the mgt is right not to give out too big of a dividend in their business..in fact m not in favour of them giving out big dividend when they needed to fund their shipbuildng activity.all of their boats are fully chartered...ship rates for osv are less prone too large cyclical trend like container and oil tanker vessel rates that misc is experiencing now due to glut in capacity than demand. Their shipyard is busy with new orders...but i find it that it is normal for shipbuilding industry the mgt only rcognised the sales and profit when it is delivered to client...so there is a lag effect in reporting...which means..most of their orders will be completed in 2013...given this scenario..n potentially of registering big numbers in 2013 agqinst the current share price...it is a small gem...finding value counter is really satisfying.

Posted by kong73 > 2012-08-17 18:29 | Report Abuse

woohhoo...accumulate now before q2 result come out

Posted by kong73 > 2012-09-08 12:25 | Report Abuse

Can someone validated my NAV calcultation for Sealink as at 30/06/2012
1. No of Share holding units issued = 500,000,000.00 (http://sealink.listedcompany.com/shareholdings.html)
2. Total Asset Value = RM959,878,000.000
http://sealink.listedcompany.com/financials.html
3. Total Liability = RM503,095,000.00
4. NAV = (Asset - Liability)/ No of shares
5. NAV = RM456,783,000.00/500,000,000.00
6. NAV = RM0.91sens/share
7. Current share price trading at RM0.32 - RM0.35
8. So current share price is lower than NAV of Sealink.
9. Is it a bargain to buy the business at the current share price?
10. IPO price at RM1.20

Posted by tonylim > 2012-09-08 17:29 | Report Abuse

Kong
Bought and kept this before together with slowed and multico.
This one still sleeping but owners are good business people

Posted by King Kong73 > 2012-09-08 17:45 | Report Abuse

roger bro...let sleeping dog lie..will exit when reach my profit percentage target..hopefully sooner than later

Posted by tonylim > 2012-09-08 17:46 | Report Abuse

Sorry. Slowed = skpres

Posted by King Kong73 > 2012-09-18 18:58 | Report Abuse

yaayy..got my dividend credited into my account already..edividend rocks!

Posted by msmy > 2012-09-26 10:55 | Report Abuse

now they accumulate

Posted by King Kong73 > 2012-10-03 21:48 | Report Abuse

miss the boat to sell when it reach 0.40 last two days ago..will it go up again...you bet..offshore support vessel is really hot commodity now my fellow forumers

Posted by King Kong73 > 2012-10-09 20:12 | Report Abuse

ooo..high volume today..something is up..hmm i wonder what..

Posted by King Kong73 > 2012-10-10 17:26 | Report Abuse

another high volume today...something must be really up..good announcement soon.

Posted by King Kong73 > 2012-10-12 08:52 | Report Abuse

another high volume day....exited at 0.41...something is up...

Posted by msmy > 2012-10-12 10:25 | Report Abuse

yeah..up as expected

Posted by ongtkong > 2012-10-25 15:47 | Report Abuse

King Kong73, the volume is picking up again. Any news on this stock?

Posted by King Kong73 > 2012-10-25 16:43 | Report Abuse

slow and steady ini counter but still represent good value still. I dunno much apart from that there is a big demand for OSV vessel in this region as seen from many OSV awards to Bumi Armada, Coastal Contract, Labuan Shipyard. My research also conclude that Sealink is a regional player and one of the few major OSV shipbuilder. Since their NAV is very high at RM0.91 sens and the company is profitable..it's current share price is a sale Sealing price is still cheap at RM0.42. But my friend i already kenyang with this counter already. I bought and average at RM0.35 after holding for so long and jump at the chance to realised my profit at RM0.41 last week or so...so that I use the profit to punt on Scomi. Like that lor

Posted by ongtkong > 2012-10-25 16:59 | Report Abuse

what is your tp for scomi ? should be a good bet. good luck.

Posted by King Kong73 > 2012-10-26 16:07 | Report Abuse

i think if u can get out from scomi with profit now..you better grab that chance.

Posted by ongtkong > 2012-11-06 09:56 | Report Abuse

sealink is rising again....2nd round

Posted by King Kong73 > 2012-11-25 09:52 | Report Abuse

going in this monday as price has come down and with the new contract announcement..all is well in this excellent company

Posted by King Kong73 > 2012-12-24 09:25 | Report Abuse

bought 7000 shares @0.38 today...sealink is going to be steady with demand of OSV vessel in the region is far outstripping supply

Posted by King Kong73 > 2012-12-27 10:07 | Report Abuse

bought another 5000 shares today...

Posted by Tai Yang > 2013-01-14 15:02 | Report Abuse

low shares but more supply. this one is a hidden gem. hoho..

Posted by dragonking > 2013-01-14 15:08 | Report Abuse

agreed. bought few days back

Posted by dragonking > 2013-01-14 15:09 | Report Abuse

if not O&G, then freight business should be improving

Posted by Tai Yang > 2013-01-14 15:15 | Report Abuse

yup. with their minimal share to divide (500mil as compared to othrs stock 1b+), a small amount of buying will increase the rate. supply n demand rule.

Posted by dragonking > 2013-01-14 15:20 | Report Abuse

look at freight, coastal and hubline for theme play okay

Posted by King Kong73 > 2013-01-14 19:19 | Report Abuse

good volume today..more activity tmrw

Posted by King Kong73 > 2013-01-16 20:54 | Report Abuse

the osv industry is really...really rolling

Posted by King Kong73 > 2013-02-07 20:34 | Report Abuse

took the opportunity to collect another 8000 unit shares at 0.345 today.

Posted by sephiroth > 2013-02-22 19:40 | Report Abuse

Sealink gonna link money into the sea. Losses RM22m

Posted by King Kong73 > 2013-02-22 20:06 | Report Abuse

impairment provision..oh well..let's see next quarter...2 delivery of hybrid tug boat should keep the company well ahead. Chartering demand is strong and increasing.

Posted by King Kong73 > 2013-03-07 10:41 | Report Abuse

collected another 6000 unit shares at 0.33 yesterday

Posted by King Kong73 > 2013-03-07 19:45 | Report Abuse

Collected another 4000 unit shares at 0.33 today

Posted by King Kong73 > 2013-03-11 17:37 | Report Abuse

collect now when it is still cheap..once they announce the quarter 1 2013 result it will jump for sure by another 5-6 sens from current price of 0.35

Posted by Wong Yi Ming > 2013-04-25 23:39 | Report Abuse

collected 50000 unit shares already at average price of 0.35.

Posted by Wong Yi Ming > 2013-04-25 23:40 | Report Abuse

petronas gave all the project to alam but sealink never gain any contract.

Posted by King Kong73 > 2013-05-07 09:06 | Report Abuse

Potential dividend announcement end of this month..

Posted by King Kong73 > 2013-05-29 11:19 | Report Abuse

Commentary on prospects from recent Q1 results
The Group recorded revenue of RM50.51 million, higher than preceding quarter by 85% mainly due to
increased revenue from shipbuilding division.
Material changes in the quarterly results compared to the results of the preceding quarter
We believe that this would increase the demand for charter and sale of our marine offshore support
vessels ("OSV"). Apart from new contracts, the Group's chartering division was also awarded extensions to
several long-term charter contracts. Sealink is taking delivery of an ultra-sophisticated hybrid multipurpose
platform supply vessel cum anchor handling tug in the next financial quarter. With the increased oil and
gas activities in Malaysia, Sealink is optimistic that the ship charter division would perform reasonably well
in the next 12 months. The oil and gas industry has been getting more competitive and Sealink is
committed to maintain its position and market share in the oil and gas industry.
The global economy is now recovering from the 2009 crisis but there are still some surprises and
uncertainties. Nevertheless, the oil and gas industry has improved from the lows experienced in the last 3
years and the crude oil price have maintained above USD 90 per barrel. We maintain our expectation for
more awards by PETRONAS and other regional oil majors in the wake of the recent oil discoveries in 2012.
The oil and gas industry in Malaysia is also expecting more contracts to be awarded for the marginal oil
fields as well as the enhanced oil recovery projects in 2013.
The Group reported profit before tax of RM5.69 million for the current quarter in contrast with the loss
before tax of RM21.53 registered for the preceding quarter. The adverse results in preceding quarter was
mainly due to impairment loss and deposits written off.
Page

Posted by King Kong73 > 2013-07-02 15:44 | Report Abuse

a director is buying more shares! Positive? You bet.

Posted by messi > 2013-07-11 15:07 | Report Abuse

any positive news?

Posted by Jyen > 2013-07-11 15:20 | Report Abuse

I have been stuck with this stock for so long,finally it's moving

Posted by King Kong73 > 2013-07-11 23:45 | Report Abuse

For Value investor...this is it..wind of change?

Posted by King Kong73 > 2013-07-11 23:56 | Report Abuse

Stock is cheap..not surprise if there is an interest for merger and acquisition by another competitor

Posted by felixngu > 2013-07-15 15:54 | Report Abuse

this counter have small vol, easily get stuck if not careful.

Posted by King Kong73 > 2013-07-15 20:20 | Report Abuse

Yeah..need to generate more interest for this oil and gas support service counter

Posted by fauzyrusdeny > 2013-07-16 18:24 | Report Abuse

i hope something good happened...

Posted by heeroo > 2013-07-16 18:46 | Report Abuse

No volume..